Broomfield Real Estate Down Payment Information for Homebuyers

If you are looking to buy a home in Broomfield or any of the other areas of the north metropolitan Denver Front Range, you will be glad to know that there is no need to have 20% down payment to purchase Broomfield real estate.

Here are the most current guidelines for down payment requirements for buying a home:

Conventional loans (non-government loans)

• Primary residence = 3% down with a 680 credit score, and 5% down with a 620 credit score
• Second home = 10% down with a 620 credit score
• Investment property = 20% down with a 620 credit score

FHA loans

Primary residence only = 3.5% down with a 580 credit score

VA loans

Primary residence only = 0% down with a 600 credit score

As always, feel free to call us at the Homewerks. We partner with our clients to find a home that is a reflection of that particular buyer’s needs and fits their style. I, Shaun Werkele, have a strong interest in design and floor plan flow which is a great benefit to all my clients as they work through the process of buying a Broomfield home. This is a most important investment decision, work with a good and experienced real estate agent in Broomfield Westminster Arvada areas of Denver and beyond. I have a solid reputation in the Denver real estate market and referrals and repeat homebuyers have been a staple of the Homewerks Team’s business.
Have a Great Day!

Shaun Werkele

303-250-4735